Press Release

Release Date: December 12, 2007

For immediate release

The Federal Reserve Board on Wednesday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston, Minneapolis, and Dallas decreasing the discount rate at the Banks from 5 percent to 4-3/4 percent, effective immediately.

The Board has also approved an action by the Board of Directors of the Federal Reserve Bank of San Francisco, decreasing the discount rate at the Bank from 5 percent to 4-3/4 percent, effective December 11, 2007.